Rita Finance and Leasing's Q1 2024 Financial Results Show Decline and 'Strong Sell' Rating
Rita Finance and Leasing, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Rita Finance and Leasing's performance has remained flat in the quarter, with a score of -3, down from 0 in the previous three months. This indicates a decline in the company's financial health.
The company's operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs -0.09 crore. This shows a negative trend in the near term for the company's operating profit.
Similarly, the profit before tax less other income (PBT) for the quarter was also at its lowest in the last five quarters, at Rs -0.17 crore. This indicates a negative trend in the near term for the company's profitability.
The earnings per share (EPS) for the quarter were also at their lowest in the last five quarters, at Rs -0.17. This shows a decline in profitability and a lower return for shareholders.
Overall, the financial results for the quarter ending March 2024 have not been positive for Rita Finance and Leasing. Investors should take note of the company's declining financial performance and the 'Strong Sell' rating given by MarketsMOJO.
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